Blog: Drinks acquisitions - the companies punching above their weight
Olly Wehring | 7 December 2006
Takeover speculation often centres on the larger firms - and bigger brands - in the drinks industry. Think of the rumours surrounding Rémy Cointreau, Whyte & Mackay and Absolut vodka - to name just a few.
But it’s important not to forget that, in a consolidating drinks industry, there are a number of aggressive and ambitious smaller players who are desperate to grow and are eyeing up potential targets week in, week out.
The Patrón Spirits Company - makers of the booming super-premium Tequila Patrón - recently told just-drinks that it is set to move into the vodka and gin categories.
And it was interesting to see Californian wine producer 360 Global Wine Co. announce yesterday (5 December) that it has made initial moves to secure an unnamed US-based wine and spirits group for US$25m.
360 Global, not necessarily one of the sector’s heavyweights, is keen to expand the reach of its flagship wine label Cucina Viansa across the US - and is ready to get out the chequebook to do so.
CEO Jake Shapiro told just-drinks: “360 Global Wine is by definition a growing company and we see growth through acquisitions as well as through organic development.”
Last week, Blavod Extreme Spirits said it has received an initial takeover approach from a company listed on the NASDAQ. The announcement from 360 Global, which has some of its shares listed on the NASDAQ, led to some in the industry adding two and two together.
Although Shapiro declined to name 360 Global’s target, he did say that the company is based in the US. Blavod, the producer of brands including Blavod black vodka and Players Extreme flavoured vodkas, is based in London.
Heineken is gearing up for a product launch in Australia this month. But exactly what the product is, the brewer is not saying....
It's Summer in the northern hemisphere and the beer festivals are in full swing. Even the famously secluded North Korea is letting its regulation-cut hair down with the Taedonggang Beer Festival, name...
Drinks companies that use celebrities and influencers to endorse products via social media could be in line for some rule changes....
A couple of months ago, US-based Saltwater Brewery developed 'edible six-pack rings' in an effort to curb threats to wildlife....
- Craft spirits shake-out will be just the beginning
- How Treasury is rewriting the rule book - Comment
- Drinkable yogurt - The next drinks opportunity
- The decline of the flagship beer brand - Comment
- Coca-Cola India suspends bottling operations
- Diageo brands need "fixing and nurturing" - TWE
- SAB shareholders granted AB InBev vote split
- Craft Brew Alliance poised for AB InBev takeover?
- Diageo revamps Gordon's gin bottle in UK
- Diageo's Guinness Rye Pale Ale - NPD
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages